Thoughts on Monetary Policy, Free Banking and Financial Crisis

Lawrence White and Fritz Thomas have a conversation about the most relevant economic and financial topics that are currently impacting the world. They discuss the effects that Keynesian ideas have had over governments concerning the development of public and economic policies. White makes an analysis of the present economic crisis in the United States and the sovereign debt in the European Union. He points out the origins of these financial debacles and proposes several solutions. Finally, they comment on the idea of free banking, focusing on how this alternative could help solve and prevent future government crises.